First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Sees Large Decrease in Short Interest

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 26,700 shares, a decrease of 19.6% from the October 15th total of 33,200 shares. Based on an average daily volume of 56,900 shares, the short-interest ratio is currently 0.5 days.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Performance

Shares of NASDAQ ROBT traded down $0.70 during trading on Friday, hitting $44.80. The company had a trading volume of 60,828 shares, compared to its average volume of 70,360. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12 month low of $36.91 and a 12 month high of $47.64. The firm has a market capitalization of $445.76 million, a P/E ratio of 29.47 and a beta of 1.22. The stock has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $42.90.

Institutional Investors Weigh In On First Trust Nasdaq Artificial Intelligence and Robotics ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its holdings in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 5.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,829 shares of the company’s stock valued at $354,000 after buying an additional 394 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 23.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,217 shares of the company’s stock valued at $94,000 after acquiring an additional 414 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 9.9% in the second quarter. J.W. Cole Advisors Inc. now owns 4,967 shares of the company’s stock valued at $210,000 after purchasing an additional 446 shares in the last quarter. Front Row Advisors LLC increased its position in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 34.3% in the second quarter. Front Row Advisors LLC now owns 2,155 shares of the company’s stock worth $91,000 after purchasing an additional 550 shares during the last quarter. Finally, Atria Investments Inc raised its stake in First Trust Nasdaq Artificial Intelligence and Robotics ETF by 1.7% during the first quarter. Atria Investments Inc now owns 34,014 shares of the company’s stock valued at $1,539,000 after purchasing an additional 572 shares in the last quarter.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.